i cant figure this one out
General lournal General Journal YOUF STUDENT ID $774ALA1BBC Fecord the following transactions in the general /ournal then prepare the trial balance for December 31: 1. On Dec. 2, inventory worth $25,AAB (first three of your student 10 a after 774) was purchased on actount, with 2. On Dec. 4 , inventory was sold for $47,AAB (first three of your student 10 in after 774) was sold on account, with the terms of 2/10,n/30. the terms of 2/10,n/30. The cost of inventory was $36,0cC (last two of your student 1Da) 3. On Dec. 12, the company paid for the Dec. 2 purchase. (Round to the neareat dollar if necessary). 4. On Dec. 14, the inventory sold on Dec. 4 was paid. (Round to the nearest dollar if necessary) 5. On Dec. 30, the owner withdrew $8, BCC (last threc of your student Dm) from the company. For each of the following transactions, give the ad,usting entry required for the year ended Dec. 31, 20x1. The initia. entries for each transaction were recorded correctly. 6. Received a $2,500 utility bill for electricity usage in December to be paid next month in Januany. 7. Owed wages to 5 employees who worked five days at 5100 each per day at the end of December. The company will pay employees at the end of the first weck of next month. 8. On November 1 , the company loaned 530,000 to an officer who will repay the loan in one year at an annual interest rate of 10%. (Round to the nearest dollar if necessary)) 9. On duly 1, the company deposited $20,000 in a savings account that earned 1% interest per year. 10. Paid $12,000 for a 12 -month insurance premlum on November 1 of this year. 11. Purchased equipment for $43,000 cash on July 1 , this year; estimated a useful life of five years with a residual 12. Unearned rent revenue of $6,000 was for rent for the period September 1 , this vear, to March 1 , next year. value of $3,000 13. Office supplies at year end count totaled \$5AA (first two of your student IDa after 774) 14. Rent for the month of December totaled $1,2CC (last two of your student 1Dm) 15. On January 1 , the company took out a 1 year note for $20,000 at an interest rate of 107 . Prepare a worksheet showing the trial balance, adjustments, adjusted trial balance, multi-step income statement (assume utilities, rent, depreciation, and half of the salaries expense as selling expenses, assum insurance, supplies, and half of the salaries expense as general and administrative expenses), statement of owners' equity, classified balance sheet, prepare the closing entries, and post-closing trial balance. General lournal General Journal YOUF STUDENT ID $774ALA1BBC Fecord the following transactions in the general /ournal then prepare the trial balance for December 31: 1. On Dec. 2, inventory worth $25,AAB (first three of your student 10 a after 774) was purchased on actount, with 2. On Dec. 4 , inventory was sold for $47,AAB (first three of your student 10 in after 774) was sold on account, with the terms of 2/10,n/30. the terms of 2/10,n/30. The cost of inventory was $36,0cC (last two of your student 1Da) 3. On Dec. 12, the company paid for the Dec. 2 purchase. (Round to the neareat dollar if necessary). 4. On Dec. 14, the inventory sold on Dec. 4 was paid. (Round to the nearest dollar if necessary) 5. On Dec. 30, the owner withdrew $8, BCC (last threc of your student Dm) from the company. For each of the following transactions, give the ad,usting entry required for the year ended Dec. 31, 20x1. The initia. entries for each transaction were recorded correctly. 6. Received a $2,500 utility bill for electricity usage in December to be paid next month in Januany. 7. Owed wages to 5 employees who worked five days at 5100 each per day at the end of December. The company will pay employees at the end of the first weck of next month. 8. On November 1 , the company loaned 530,000 to an officer who will repay the loan in one year at an annual interest rate of 10%. (Round to the nearest dollar if necessary)) 9. On duly 1, the company deposited $20,000 in a savings account that earned 1% interest per year. 10. Paid $12,000 for a 12 -month insurance premlum on November 1 of this year. 11. Purchased equipment for $43,000 cash on July 1 , this year; estimated a useful life of five years with a residual 12. Unearned rent revenue of $6,000 was for rent for the period September 1 , this vear, to March 1 , next year. value of $3,000 13. Office supplies at year end count totaled \$5AA (first two of your student IDa after 774) 14. Rent for the month of December totaled $1,2CC (last two of your student 1Dm) 15. On January 1 , the company took out a 1 year note for $20,000 at an interest rate of 107 . Prepare a worksheet showing the trial balance, adjustments, adjusted trial balance, multi-step income statement (assume utilities, rent, depreciation, and half of the salaries expense as selling expenses, assum insurance, supplies, and half of the salaries expense as general and administrative expenses), statement of owners' equity, classified balance sheet, prepare the closing entries, and post-closing trial balance
